Corner-Lot Former
New
For Sale
$139,900
5024 Norway Road, Monticello, IN 47960
COMMERCIAL, Monticello, IN
Property SizeContact for details
Lot Size1.10 Acres
Days on Market2
Property Features for 5024 Norway Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
Property at Corner of Norway Road & W. Shafer Drive, just north of Motel.
Subdivision
White County
Standard status
Active
APN
91-73-21-000-003.703-020
Lot size
1.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
OUT NW 21-27-3 1.101
Tax Annual Amount
2908
Legal Description
OUT NW 21-27-3 1.101
Building Details
Year built
1979
Listing Agency:
VOGEL REAL ESTATE
(574) 583-3981
Listed By:
Gregory Vogel II, Gri
(574) 870-3987
Added: Aug 28
Last Checked: Aug 29 at 3:06AM
MLS# 202635446
Copyright © 2026 White County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.101-acre former restaurant property includes an asphalt parking lot and was constructed in 1979. The corner-lot layout preserves an existing commercial site configuration, while a city water tap is already on the property. A regional sewer tap is available in the surrounding area.
US Highway 24 provides a direct route toward Indiana Beach Amusement Park. The property is near golf courses and Lake Shafer, with two motels adjacent to the site. Its established parking and utility-related improvements support continued evaluation as a restaurant or other commercial property, subject to applicable approvals.
US Highway 24 provides a direct route toward Indiana Beach Amusement Park. The property is near golf courses and Lake Shafer, with two motels adjacent to the site. Its established parking and utility-related improvements support continued evaluation as a restaurant or other commercial property, subject to applicable approvals.
Key Highlights
- 1.101‑acre former restaurant property
- Corner lot with asphalt parking lot already in place
- City water tap on site
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47960, IN
15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant property with asphalt parking and a city water tap in place.
Where is this conventional restaurant located?
The property is located at 5024 Norway Road Monticello, IN.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 1.101‑acre former restaurant property; Corner lot with asphalt parking lot already in place; City water tap on site
